News

Canadian and Indian companies have signed 66 new contracts worth $1 billion in total in a deal expected to create 5,800 jobs in Canada.

Prime Minister Justin Trudeau made the announcement Tuesday in front of an audience at the Canada-India Business Forum.

He spent the morning in Mumbai, India's financial capital, meeting with titans of industry and finance at the Taj Mahal Palace Hotel, scene of a deadly terror attack 10 years ago.

Most of the jobs will come from $250 million of new investments by Indian companies in Canada. Canadian companies will also invest $750 million in India. The lion's share of that Canadian investment is Brookfield's acquisition of a Mumbai office complex currently owned by an insolvent Indian company.